On May 19, Randy Sadler and Chris Gallo of CIC Services hosted a webinar focused on Alternative Risk Transfer (ART), and how nontraditional risk transfer approaches (as compared to commercial insurance) can be arranged. Some of the types of entities and approaches included in this marketplace are captive insurance companies (Captives), pools, trusts and risk retention groups (RRGs).
The New Civil Liberties Alliance has featured the CIC Services regarding the unprecedented case against the IRS at the Supreme Court. The group discussed the court case in regards to its effect on another case about the IRS heading to the highest court in the land, James Harper vs. Charles P. Rettig, et al..
Allison Bell for Think Advisor discusses the impact that the CIC Services vs. IRS decision makes on all taxpayers. Specifically, this article delves into the federal Anti-Injunction Act of 1867 and how the new ruling stops the IRS from shielding lawsuits against reporting requirements.
The Captive Insurance Times noted the significance of the CIC Services win against the Internal Revenue Service in the supreme court in this article. The writing also asserts that the unanimous court decision will ensure that the IRS uses its investigative powers fairly.